STOCK INCENTIVE AND STOCK OPTION PLANS (Tables)

12 Months Ended

Dec. 31, 2012

STOCK INCENTIVE AND STOCK OPTION PLANS [Abstract]

Stock Option Activity

In January 2012, the Company granted stock options to purchase 338,681 shares of the Company's common stock to its employees under the Long-Term Equity Incentive Plan.  These stock options have a contractual life of seven years and vest over a one, two or three-year service period.  No stock options were granted during 2011.  The following tables present the stock option activity under the Plans as of December 31, 2012 and 2011 and changes during the years then ended:

	2012
							Weighted-
							Average
				Weighted-			Remaining		Aggregate
				Average			Contractual		Intrinsic
				Exercise			Term		Value
	Shares			Price			(years)		(In thousands)
Options
Outstanding at January 1, 2012		2,714,023			$	21.72
Granted		338,681				11.93
Exercised		(6,333	)			12.94
Cancelled or forfeited		(174,183	)			22.04
Expired		(107,334	)			20.03
Outstanding at December 31, 2012		2,764,854			$	20.58	3.1	$	1,374
Exercisable at December 31, 2012		2,306,860			$	22.23	2.6	$	1,332

	2011
						Weighted-
						Average
				Weighted-		Remaining		Aggregate
				Average		Contractual		Intrinsic
				Exercise		Term		Value
	Shares			Price		(years)		(In thousands)
Options
Outstanding at January 1, 2011		2,946,307		$	21.41
Exercised		(2,225	)		9.40
Cancelled or forfeited		(76,659	)		22.86
Expired		(153,400	)		15.39
Outstanding at December 31, 2011		2,714,023		$	21.72		3.6	$	2
Exercisable at December 31, 2011		2,330,234		$	22.63		3.3	$	2

The following table presents the status of the Company's nonvested options as of December 31, 2012 and changes during the year then ended:

				Weighted-		Weighted-
				Average		Average
				Exercise		Grant Date
	Shares			Price		Fair Value
Nonvested Options
Outstanding at January 1, 2012		383,789		$	16.20	$	4.87
Granted		338,681			11.93		4.16
Vested		(253,085	)		17.60		5.29
Forfeited or cancelled		(11,391	)		14.99		4.72
Outstanding at December 31, 2012		457,994		$	12.30	$	4.11

Assumptions Used for Stock Options

 The Company uses historical data to estimate stock option exercise and employee departure behavior used in the Black-Scholes-Merton option valuation model.  Groups of participants (executive, non-executives and directors) are considered separately for valuation purposes.  The expected term of stock options granted is derived from analysis of all historical data on stock option activity and represents the period of time that stock options granted are expected to be outstanding; the range given below results from certain groups of participants exhibiting different post-vesting behaviors.  The risk-free rate for periods within the contractual term of the stock option is based on the U. S. Treasury yield curve in effect at the time of grant.  The expected volatility is estimated based on the Company's historical experience.  The following table provides the range of assumptions used for stock options granted during the years ended December 31, 2012 and 2010:

	2012	2010	2008
Expected volatility	49.9%	45.2%	33.6%
Weighted-average volatility	49.9%	45.2%	33.6%
Expected dividends	2.50%	3.75%	3.00%
Expected term (in years)	4.8-4.9	4.8 - 6.0	5.1 - 5.7
Risk-free rate	0.81%	1.64%	2.80%

Stock Options Outstanding, By Exercise Price Range

The following table summarizes information about stock options outstanding at December 31, 2012:

		Options Outstanding						Options exercisable
Range of		Number		Weighted-Avg		Weighted-Avg		Number		Weighted-Avg
Exercise Prices		Outstanding		Remaining Life (years)		Exercise Price		Exercisable		Exercise Price
$	9.97 to $13.25		719,287		5.4	$	12.63		261,293	$	13.21
$	17.10 to $22.97		725,517		2.7		22.31		725,517		22.31
$	23.19 to $24.03		726,200		1.9		23.52		726,200		23.52
$	24.27 to $25.31		593,850		2.2		24.52		593,850		24.52
$	9.97 to $25.31		2,764,854		3.1	$	20.58		2,306,860	$	22.23